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Old 10-16-2008, 08:04 PM
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Default Re: Is it a digital revolution or a market crash?

Quote:
Originally Posted by keyon View Post
The best part about the digital world is that it reduces the absurd, ridiculous waste of resources that we are used to wasting...like using gasoline to drive to work, to the bank, to shop at the mall.
Yes, it makes production more cost efficient.

Profit = Gross income - costs.

If an online and offline shop have the same gross income per employ, but the costs are lesser for online shop, the offline shop may go bust. And it is an advantage for the consumer.

I think a part of the present crisis is due to this evolution. We are in a transition economy that will last for years.
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